Appraisal Institute Board Votes Down Affiliation

November 6, 2008 08:00 AM

CHICAGO (Nov. 6, 2008) –The Appraisal Institute Board of Directors yesterday voted not to pursue affiliation with the National Association of Realtors (NAR). The vote, which occurred during the Board’s fall meeting in San Antonio, Texas, follows year-long meetings between the organizations during which possible terms and conditions were discussed. In the end, though, the two organizations could not come to agreement on how best to proceed.

The Appraisal Institute will provide further information to its members and the public next week.

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The Appraisal Institute is a global membership association of professional real estate appraisers, with nearly 24,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org.